Russia and North Korea set up council to boost trade to $1bn by 2020

Russia and North Korea: The Russian Chamber of Commerce has set up a new body – the Council for Trade and Economic Cooperation with North Korea – to help its members find business partners in the politically isolated state. The Council will also work on specific trade and investment projects, its Vice-President Vladimir Straško  announced today. In 2013, trade turnover between the two countries stood at $112.7m and the plan was to increase that figure to $1bn by 2020, Russia’s Minister of Development for the Far East Alexander Galushka said earlier.